Graham And Doddsville

The Value Investing Capital of the World

Archive for the ‘Paul Sonkin’

The Heresy That Made Them Rich – Throwback Thursday #TT

April 03, 2014 By: webmaster Category: Bruce Greenwald, CBS Faculty, Columbia Business School, Jason Zweig, Jean-Marie Eveillard, Mario Gabelli, Paul Sonkin, Roger Murray, SuperInvestors, The Heilbrunn Center for Graham and Dodd Investing

On October 29, 2005 Joe Nocera penned an article for The New York Times called The Heresy That Made Them Rich.

A FEW weeks ago, Columbia Business School held its 15th Annual Graham & Dodd Breakfast. The guest speaker was Jean-Marie Eveillard, a successful (and now retired) mutual fund manager, who used to beat the market regularly by adhering to the ”value investing” principles first articulated by the great investor Benjamin Graham and his co-author, the Columbia professor David L. Dodd, in their 1934 classic, ”Security Analysis.”

“The more things change, the more they stay the same way.”

Still, the Columbia program — and value investing in general — feels a little like a cult. Despite the obvious success of people like Mr. Buffett and Mr. Gabelli — and the studies that seem to bear out that success as something more than luck — it is not yet fully accepted by either mainstream Wall Street or mainstream academia. In his remarks at the breakfast, Mr. Eveillard said he thought that maybe 5 percent of professional money managers are true value investors.

See:  “The Heresy That Made Them Rich” (New York Times, 10/29/05)


Paul Sonkin on Finding Micro-Cap Value

December 22, 2009 By: webmaster Category: CBS Faculty, Paul Sonkin

Columbia Business School Alumnus and Applied Value Investing Professor Paul Sonkin, who runs Hummingbird Value Fund, is a well-known micro-cap investor.  He is not only a co-author (with Bruce Greenwald) of Value Investing: From Graham to Buffett and Beyond, but is also featured on pp. 276 – 291.   Thanks to, I just came across an interview of Professor Sonkin with Robert Lenzer of from August 2009.